Financial News · Live Terminal

Page 1478 of 2548

Top Cryptocurrencies Mixed; Bitcoin Holds Above $81,000

Major digital assets were mixed Monday, with Bitcoin (BTC-USD) holding above the $81,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, edged up 0.1% in the past 24 hours. The Nasdaq 100 rose 0.1%, the S&P 500, and the Dow Jones Industrial Average increased 0.2%.Bitcoin rose 0.7% to $81,914, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume surged 102% to $38.45 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 1% to $2,339.XRP (XRP-USD) declined 0.5%, BNB (BNB-USD) added 0.3%, and Solana (SOL-USD) increased 1.8%. Dogecoin (DOGE-USD) added 0.5%, while Cardano (ADA-USD) fell 2.1%.The US 10-year Treasury yield stood at 4.408% at 3 p.m. ET Monday, up from 4.363% Friday, while the five-year yield rose to 4.066% from 4.011%.The total market value of the cryptocurrency industry rose 0.3% in the past 24 hours to $2.73 trillion, with trading volume gaining 0.5% to $166.27 billion.Price: $81961.48, Change: $-202.95, Percent Change: -0.25%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

US Markets53d ago

US Residents Prefer Sunlight Over Home Size, Redfin Survey Shows

A big chunk of US residents prefer living in smaller homes with more sunlight than in larger, dimmer units, a Redfin survey showed on Monday.Some 44% of respondents prioritize natural light over square footage, compared with 24% who prefer a larger home with less sunlight, according to the online real estate brokerage.The survey, conducted by Ipsos in March, covered 1,005 US residents.All age groups prefer sunlight over space, led by baby boomers at a 54% share for their generation, according to the survey results.Roughly 1 in 10 US residents said they would consider sunlight a "non-negotiable" feature when choosing their next home, a separate survey question showed. Some 77% identified natural light as a "very important" or "somewhat important" consideration for future homeownership, but ultimately something they might be willing to compromise on."I have buyers who walk into a home that checks every box online and walk right out after making it past the entryway because of low light," Redfin principal agent Cassia Bourne said in a statement.More than half of the natural light-seeking respondents cited improved mood and mental health as their primary motivation, Redfin said.

Sectors53d ago

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, General Motors (GM) plans to cut hundreds of jobs in its information technology department in an effort to reduce costs, Bloomberg reported. The cuts will impact around 500 to 600 workers, the report said. GM shares were down 4.6%.Texas Attorney General Ken Paxton said Monday he has sued Netflix (NFLX) for allegedly spying on Texans by collecting users' data without their consent or knowledge. Netflix shares fell 2.6%.Walt Disney's (DIS) ABC network has been the victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney CEO Josh D'Amaro, The Wall Street Journal reported. Disney shares were down 3.2%.Fox (FOXA, FOX) reported a surprise increase in quarterly earnings on Monday, while the media company's revenue topped estimates amid distribution growth. Its Class A shares rose 7.7%, and the Class B shares climbed 8.3%.

$DIS$FOX$FOXA$GM$NFLX

Insider Trading53d ago

Urogen Pharma Insider Sold Shares Worth $300,000, According to a Recent SEC Filing

Mark Schoenberg, Chief Medical Officer, on May 08, 2026, sold 10,000 shares in Urogen Pharma (URGN) for $300,000. Following the Form 4 filing with the SEC, Schoenberg has control over a total of 134,985 ordinary shares of the company, with 134,985 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1668243/000143774926016104/xslF345X05/rdgdoc.xmlPrice: $31.50, Change: $+2.10, Percent Change: +7.14%

$URGN

Research53d ago

Research Alert: CFRA Maintains Buy Rating On Shares Of Hubspot, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price to $221, from $310, on an EV/S multiple of 2.3x our 2027 sales projection of $4.289B, below its three-year average. We increase our 2026 EPS estimate to $13.11 from $12.47 and raise our 2027 EPS view to $15.58 from $15.07. HUBS reported solid Q1 results with subscription revenue growing 23% Y/Y, driven by strong upmarket momentum as deals over $60K ARR grew 37% and deals over $120K ARR surged 64%. Multi-hub adoption continued, while AI monetization was encouraging as active core seat users grew 90% Y/Y with over 25% of Pro+ customers purchasing additional core seats (up 12+ points). Non-GAAP operating margin expanded significantly to 17.8%, up 4 points Y/Y, and HUBS raised its full-year 2026 operating margin guidance to 21% (+100 bps). While pricing/GTM changes creates uncertainty and led to lighter guidance, we expect headwinds to be transitory as demand for its core platform and AI tools showed strength.

$HUBS

Sectors53d ago

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 3.5%.The Philadelphia Semiconductor index added 2.5%.In corporate news, Meta Platforms (META) is being sued by Santa Clara County, California, over allegations that it "knowingly facilitates and profits from billions of scam advertisements" on Facebook and Instagram, Bloomberg reported. Meta shares were down 1.7%.Intel (INTC) shares rose 3.4% after the company and Apple (AAPL) reached a preliminary agreement under which the chipmaker will make some of the chips powering Apple devices, according to a Wall Street Journal report on Friday.Monday.com (MNDY) lifted its full-year revenue outlook after the project management software company posted a surprise Q1 earnings gain. Its shares jumped 6.7%.Palantir Technologies (PLTR) stock was down 1.1% after the company's external staff and other consultants were provided unrestricted entry to identifiable medical records by the UK's National Health Service, according to a Financial Times report citing an internal briefing note.

$INTC$META$MNDY$PLTR

Mining & Metals53d ago

Canadian National Railway to Add Five New Sites, Re-Certify Six U..S Locations

Canadian National Railway (CNR.TO, CNI) said Monday it will add five new industrial sites and re-certify six existing U.S. sites under its Certified Rail-Ready Sites program.The sites will be certified through a new partnership with the Site Selectors Guild's REDI Sites program, the company added."Canadian National Railway's Certified Rail-Ready Sites program helps businesses move more quickly from site selection to operations by identifying strategic, rail-served locations that are ready for investment and connected to markets across North America," Chief Commercial Officer Janet Drysdale said.Under the program, sites are reviewed for zoning, environmental factors, utilities, and transportation access to help speed up development and reduce risk for businesses and investors, the company said.The new sites submitted for certification are located in Michigan, Illinois, Mississippi, and Louisiana. The sites being re-certified are located in Kentucky, Mississippi, Illinois, Michigan, and Tennessee, according to the statement.The company's shares were last seen down $1.52 to $151.18 on the Toronto Stock Exchange.Price: $151.17, Change: $-1.54, Percent Change: -1.01%

$CNI$CNR.TO

Sectors53d ago

Sector Update: Financial

Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding about 0.3%.The Philadelphia Housing Index shed 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.3%.Bitcoin (BTC-USD) added 0.7% to $81,990, and the yield for 10-year US Treasuries rose 4.6 basis points to 4.41%.In corporate news, Brookfield Asset Management (BAM) said Monday that it will invest $500 million in OpenAI Deployment Company. Brookfield shares were down 1.7%.

$BAM

Mining & Metals53d ago

Lithium South Development Sets May 15 Cash Payout Date Under Posco Arrangement

Lithium South Development (LIS.V) on Monday said it received funds from Posco Argentina and set May 15 as the effective date for a cash payout of C$0.505 per share to shareholders.The company said completion of the arrangement remains subject to final approval from the TSX Venture Exchange.Lithium South added that registered shareholders must submit a letter of transmittal to Computershare Investor Services to receive the cash consideration, while beneficial shareholders holding shares through brokers or banks will receive payment through their intermediaries.The company also said it has applied to delist its shares from the TSX Venture Exchange and plans to concurrently delist from the OTCQB market before applying to cease being a reporting issuer. Dates for the delistings will be announced later.Price: $0.50, Change: $+0.01, Percent Change: +2.04%

$LIS.V

Oil & Energy53d ago

Market Chatter: Iran Deploys Mini Submarines as Hormuz Tensions Persist

Iran has deployed Ghadir-class mini submarines in the Strait of Hormuz as tensions with the US and Israel continue to disrupt regional shipping, Bloomberg reported Monday.Iran operates at least 16 Ghadir-class midget submarines, each carrying fewer than 10 crew members and equipped with two torpedoes or two C-704 anti-ship cruise missiles.The submarines generate more noise than most modern vessels, and face maintenance problems while crews have limited operational experience, the report added, citing a person familiar with the matter.Iran deployed mini submarines in the Strait of Hormuz as US President Donald Trump considered restarting military escorts for commercial ships, according to Tasnim news agency.Iran has tightened its control over the Strait of Hormuz mainly through missiles and low-cost drones, while the mini-submarines could support the same strategy.The shallow waters of the Strait of Hormuz and the Persian Gulf make submarine operations difficult because active sonar can more easily detect underwater objects.Tasnim news agency said Iran specifically designed the Ghadir submarines for shallow Gulf waters, where larger submarines face operational constraints.Iran began producing domestically developed mini-submarines in 2005 for coastal defense missions because the vessels operate better in short-range, shallow-water conditions.Iran has not deployed submarines in direct combat during the conflict, while attacks sank its only operational Soviet-era Kilo-class submarine at its docking position, the report said.The 115-ton Ghadir submarines remain significantly smaller than Kilo-class vessels, which displace more than 2,000 tons, and US Los Angeles-class attack submarines that exceed 6,000 tons.US Central Command said it repelled multiple attacks after small Iranian boats targeted US ships in the Strait of Hormuz twice over the past week, while tanker traffic remained heavily restricted.has reached out to the Iran's Ministry of Foreign Affairs for any comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Wire53d ago

Consumer Finance Companies Poised to Meet Outlooks Amid Acceleration in Spending, Loan Trends, RBC Says

Several major US consumer finance companies are tracking towards their full-year outlooks amid a slight acceleration in the year-over-year consumer spending and loan trends, RBC Capital Markets said in a note e-mailed Monday.Consumer finance companies' first-quarter results have been "durable" and in line with the brokerage's expectations, with credit metrics showing continued improvement on a yearly basis amid consumer resiliency, Jon Arfstrom, associate director of US research at RBC, said in a note to clients."Our view is that investor expectations for spending volumes and loan growth have been gradually rising, which aligns with management-provided 2026 outlooks," Arfstrom wrote. "We also believe that the improvement in credit trends and the healthy economic environment will allow card issuers to thoughtfully lean into growth opportunities."American Express (AXP) is still RBC's preferred stock in the card space as it continues to deliver "peer-leading" bottom- and top-line growth, Arfstrom said.Last month, American Express posted better-than-expected first-quarter results and reiterated its full-year outlook."Card issuers are still reporting improving delinquency and net charge-offs on a year-over-year basis," Arfstrom said in the note. "We expect this trend to continue in the near term, and several management teams are now pointing to the low end of prior NCOs guidance ranges."Ally Financial (ALLY) has seen "solid" auto origination activity, while its credit keeps improving, with margin expansion likely to drive "sustained" earnings improvement, Arfstrom wrote.Capital One Financial's (COF) recent combination with Discover Financial Services is yielding "early revenue synergies, though with management focused on the longer strategic positioning of the company, we expect near-term investment activity to be an expense headwind," according to the note.So far this year, consumer finance stocks have underperformed the broader market amid macro concerns and sentiment, "company-specific headwinds," and concerns regarding a proposed interest rate cap for card issuers, Arfstrom said."In total, we remain positive on the fundamental outlooks, and see support for higher valuations and stock prices as our forecasts are realized," Arfstrom wrote.Price: $313.03, Change: $-3.00, Percent Change: -0.95%

$ALLY$AXP$COF

Wire53d ago

Kneat Confirms Strategic Review, Engages CIBC Capital Markets Adviser

Kneat.com (KSI.TO) confirmed Monday its board formed a special committee to review strategic alternatives and engaged CIBC Capital Markets as financial advisor, following a recent media report about a potential review process.The company said the strategic review, a process that can end with the sale of the company, began in February, though no definitive agreement has been reached and there is no assurance the process will result in a transaction.Kneat, which provides software for digitizing and automating validation and quality processes, said it remains focused on its business strategy and enhancing shareholder value.The company added it does not intend to provide further updates unless a definitive transaction is announced or disclosure is otherwise required by law.Shares of the company were last seen up $0.30 to $4.95 on Toronto Stock Exchange.Price: $4.91, Change: $+0.26, Percent Change: +5.59%

$KSI.TO

Sectors53d ago

Sector Update: Energy

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising 2.4%.The Philadelphia Oil Service Sector Index was adding 1.8%, and the Dow Jones US Utilities Index rose 1%.Front-month West Texas Intermediate crude oil rose 2.6% to $97.93 a barrel, and the global benchmark Brent crude contract was advancing 2.8% to $104.16 a barrel. Henry Hub natural gas futures gained 6% to $2.92 per 1 million BTU.In corporate news, Enbridge (ENB) is well-positioned to benefit from global energy security trends and rising demand for energy infrastructure, which are creating expanded opportunities across its businesses, RBC Capital Markets said in a note. Enbridge shares rose 1.7%.

$ENB

Sectors53d ago

Sector Update: Healthcare

Healthcare stocks were lower late Monday afternoon with the NYSE Healthcare Index down 0.3% and the State Street Healthcare Select Sector SPDR ETF (XLV) declining 0.4%.The iShares Biotechnology ETF (IBB) was fractionally lower.In corporate news, Zoetis (ZTS) shares fell 7.5% after BNP Paribas lowered the company's price target to $146 from $185, following the company's Q1 results late last week.

$ZTS

Research53d ago

Cineplex Target Eased To C$13.50 From $14, Keeps Outperform at National Bk Which Notes Q1 Revs & Adj. EBITDAaL Below Elevated Street, Media & LBE Light, But Box Office Delivering

$CGX.TO

Sectors53d ago

Sector Update: Consumer

$GM

Sectors53d ago

Sector Update: Tech

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.8%.The Philadelphia Semiconductor index added 2.1%.In corporate news, Meta Platforms (META) is being sued by Santa Clara County, California, over allegations that it "knowingly facilitates and profits from billions of scam advertisements" on Facebook and Instagram, Bloomberg reported. Meta shares were down 1.7%.

$META

Commodities53d ago

US Crude Stocks Seen Falling as Exports, Refinery Runs Offset Supply Gains, Macquarie Says

Weekly US crude inventory data from the Energy Information Administration is forecast to show a 1.3-million-barrel draw for the week ending May. 8, Macquarie strategists said in a weekly note on Monday, following a 2.3 million barrels draw the previous week.Crude runs are projected to increase by about 300,000 barrels per day as seasonal maintenance turnarounds ease. Crude exports are projected to rise modestly by about 400,000 b/d, while imports are expected to dip by 700,000 b/d."Timing of cargoes remains a source of potential volatility in the weekly crude balance," Macquarie strategists said.Macquarie projected that domestic supply, which includes production, adjustments, and transfers, will increase by 300,000 b/d for the week ended May. 8, while stocks in the Strategic Petroleum Reserve decrease by 8.6 million bbls.On the products front, gasoline inventories are forecast to fall by 5.8 million bbls, distillate inventories by 4.4 million bbls, while jet fuel stocks are projected to rise by about 900,000 bbls.Macquarie forecasts the combined implied demand for gasoline, distillates, and jet fuel at about 14.9 mmb/d.

US Markets53d ago

Gold Recent Underperformance Will Likely Prove to be Temporary, ING Says

Gold's recent underperformance should prove to be temporary, with the yellow metal expected to hit $5,000 per troy ounce by the end of the year, ING Bank said in a note Monday.Gold has fallen about 12% since the Iran war began on Feb. 28, ING said. Bullion futures were last trading little changed at $4,732 per ounce on Monday.Gold is widely perceived as a safe haven that tends to shine in a financial crisis or growth shock. Hence, the yellow metal's recent decline may have come across as "a counterintuitive move," ING Commodities Strategist Ewa Manthey said in a note.But the sell-off reflects macro consequences of the Middle East conflict, rather than "a breakdown in gold's safe-haven role," Manthey said.ING remains constructive on gold, anticipating a rebound in bullion prices to $5,000 by year-end."Gold's safe-haven role is not in question," Manthey said. "Recent months have shown that short-term price action can still be dominated by macro forces -- particularly real yields, the dollar and expectations for (Federal Reserve) policy. Once those headwinds begin to ease, gold's underlying support should reassert itself."Gold prices generally have a positive correlation with inflation and an inverse relationship with interest rates and the dollar index.Inflation has re-accelerated in the aftermath of the US-Israel war with Iran that has disrupted shipments through the Strait of Hormuz and sent energy prices higher. These dynamics have weakened the case for near-term monetary policy easing, Manthey said."Higher oil prices push inflation up, keep (central bank demand) on hold and strengthen the dollar, all of which weigh on gold," she said. "High liquidity also makes it a source of funds when investors need to cover losses elsewhere."The Fed left its policy rate unchanged in April, saying the Middle East conflict was fueling uncertainty around the US economic outlook."Our US economist still expects easing in the second half of the year, but a prolonged energy shock could push that back," Manthey wrote. "Real yields and the dollar remain the key constraints on gold."President Donald Trump on Sunday rejected Iran's counter offer to end the war, dimming prospects of an imminent deal between the two sides."The setback keeps the (US-Iran) ceasefire timeline uncertain and inflation risks elevated -- reinforcing the higher-for-longer rate narrative that has weighed on gold throughout the conflict," Manthey said. "A durable resolution remains the key catalyst for a sustained gold recovery."

Research53d ago

Barrick Mining Target Raised To C$75 From $72.50, Keeps Outperform at National Bank On "Incorporating a Strong Start to the Year"

$ABX.TO

Showing 29541-29560 of 50958

US Markets53d ago